Principal Financial Group Inc. acquired a new stake in Ambarella, Inc. (NASDAQ:AMBA - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 15,937 shares of the semiconductor company's stock, valued at approximately $1,159,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Larson Financial Group LLC boosted its stake in shares of Ambarella by 6,014.3% in the 3rd quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company's stock valued at $48,000 after buying an additional 842 shares during the period. R Squared Ltd acquired a new stake in Ambarella during the 4th quarter worth $68,000. Pacer Advisors Inc. raised its stake in Ambarella by 24.2% during the 4th quarter. Pacer Advisors Inc. now owns 965 shares of the semiconductor company's stock worth $70,000 after acquiring an additional 188 shares in the last quarter. Manchester Capital Management LLC raised its stake in Ambarella by 21.8% during the 4th quarter. Manchester Capital Management LLC now owns 1,175 shares of the semiconductor company's stock worth $85,000 after acquiring an additional 210 shares in the last quarter. Finally, Truvestments Capital LLC acquired a new stake in Ambarella during the 3rd quarter worth $69,000. Hedge funds and other institutional investors own 82.09% of the company's stock.
Insider Activity at Ambarella
In other Ambarella news, COO Chan W. Lee sold 1,488 shares of the company's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $75.41, for a total value of $112,210.08. Following the completion of the transaction, the chief operating officer now directly owns 119,918 shares of the company's stock, valued at $9,043,016.38. This represents a 1.23 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Chi-Hong Ju sold 5,118 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $75.71, for a total value of $387,483.78. Following the completion of the transaction, the vice president now directly owns 158,686 shares of the company's stock, valued at $12,014,117.06. This represents a 3.12 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 24,583 shares of company stock worth $1,853,918. Corporate insiders own 5.70% of the company's stock.
Ambarella Price Performance
NASDAQ AMBA traded down $0.45 during trading hours on Friday, hitting $53.07. The company had a trading volume of 993,279 shares, compared to its average volume of 887,781. Ambarella, Inc. has a fifty-two week low of $39.69 and a fifty-two week high of $85.15. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of -13.75 and a beta of 1.78. The firm's 50 day moving average is $74.17 and its 200 day moving average is $65.45.
Analyst Ratings Changes
AMBA has been the topic of several research analyst reports. Morgan Stanley lifted their price target on shares of Ambarella from $73.00 to $90.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 27th. Stifel Nicolaus upped their price target on Ambarella from $95.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Craig Hallum lifted their target price on shares of Ambarella from $85.00 to $90.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. StockNews.com upgraded Ambarella from a "sell" rating to a "hold" rating in a research report on Friday, February 28th. Finally, Susquehanna raised their price objective on Ambarella from $95.00 to $100.00 and gave the company a "positive" rating in a research note on Wednesday, January 22nd. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, Ambarella has a consensus rating of "Moderate Buy" and a consensus price target of $86.67.
Read Our Latest Analysis on Ambarella
About Ambarella
(
Free Report)
Ambarella, Inc develops semiconductor solutions that enable high-definition (HD) and ultra HD compression, image signal processing, and artificial intelligence processing worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, artificial intelligence computer vision algorithms, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.
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